NFK closes $27M sale of Garden Grove industrial complex – Orange County Register

Newmark Knight Frank (NKF) has completed the $27 million sale of Monarch Industrial, a multi-tenant, 276,585-square-foot warehouse facility in Garden Grove. The property is fully occupied by four tenants including Virtu USA, New Mode Sportswear, V Factory and Riviera Beverages. NKF’s Kevin Shannon, Scott Schumacher, Bret Hardy, and Jeff Read represented the seller, Colony Northstar. The buyers, Penwood Real Estate and Western Realco, were self-represented. The complex is located at 12752 to 12822 Monarch St. on the northeast corner of Monarch Street and Acacia Avenue.

Savills Studley’s National Retail Services Group has sold the fee interest in Anaheim Lincoln Shopping Center, a 72,950-square-foot neighborhood shopping center in Anaheim. The property was bought by a private Los…

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